Jim Cramer says Post Holdings' spin-off of its private label division and smart acquisitions have shown that the company knows how to unlock value.
Jim Cramer says Post Holdings' spin-off of its private label division and smart acquisitions have shown that the company knows how to unlock value.
RICHMOND, Va. _ Performance Food Group Co. on Wednesday reported fiscal fourth-quarter net income of $64.4 million. On a per-share basis, the Richmond, Virginia- based company said it had profit of 61 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
*Yum China looking at switching listing to Hong Kong- source. HONG KONG, Aug 15- Investment firms are exploring a buyout of Yum China Holdings Inc, the operator of KFC, Pizza Hut and Taco Bell in the world's second-largest economy, in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters. It is the biggest fast-food chain...
Matthew Kovac of Food Industry Asia shares his insights into the probiotics, alternative protein and low sugar alternative markets in Asia.
VF Corp., down $3.47 to $92.82. Nielsen Holdings PLC, up $2.65 to $24.62. Sysco Corp., up $4.27 to $72.75.
HOUSTON _ Sysco Corp. on Monday reported fiscal fourth-quarter profit of $448.9 million. The Houston- based company said it had net income of 85 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 94 cents per share.
James Collier, also a registered nutritionist, speaks about his nutritional powdered food business.
John Yasuda from Indiana University shares his insights on Chinese food safety standards and product quality.
SEWARD, Alaska, Aug 12- Alaska fishermen are used to coping with fickle weather and wild ocean waves. If the tariff war continues, she said, Whats going to happen is China is just going to stop buying Alaska fish. Fishermen are worried, said Alan Noreide, a fisherman in the Alaska port town of Seward, where he delivers some of his catch to the local Icicle Seafoods plant, an...
SAO PAULO, Aug 10- Brazilian food processor BRF SA posted a wider-than-expected quarterly loss on Friday, hit by a nationwide trucker strike and trade embargoes triggered by allegations it had bribed food inspectors. The company also reported a direct loss of 75 million reais related to an 11- day truckers strike in May, which poultry and pork producer group...
Loeb's Third Point hedge fund and Strawbridge together own a 8.42 percent stake in the 150- year-old company, with Third Point holding 5.65 percent, according to the filing with the U.S. Securities and Exchange Commission. Third Point said it believed a strategic review underway at Campbell would create "significant value" for shareholders if conducted...
Aug 9- Billionaire investor Daniel Loeb's hedge fund Third Point LLC disclosed on Thursday it has partnered with fellow Campbell Soup Co shareholder George Strawbridge to call for a sale of the iconic U.S. food company best known for its canned soups. The descendants of former Campbell Soup Chairman John Dorrance collectively own about 41 percent of the...
GENEVA, Aug 9- The Swiss government regrets the "deteriorating" situation regarding sanctions imposed by the United States on Iran, but recommends Swiss firms pursue their business relations with the Islamic Republic on an informed basis, it said on Thursday. Companies doing business with Iran will be barred from the United States, President Donald Trump said...
LONDON/ CHICAGO, Aug 9- PepsiCo Inc's incoming chief executive Ramon Laguarta is the latest of a new generation of leaders tasked with reigniting growth at the world's best-known food and drink brands as they fight back against media-savvy independent rivals. "Fundamentally, this new generation of CEOs has a remit for change," said EY's lead analyst for consumer...
OMAHA, Neb.— The Latest on a large federal immigration operation targeting businesses in Nebraska and Minnesota that officials say knowingly hired and mistreated immigrants who are in the U.S. illegally:. Federal officials say a large investigation into businesses believed to be involved in a scheme to knowingly hire immigrant laborers in the U.S. illegally...
Match Group Inc., up $6.72 to $45.60. Snap Inc., down 89 cents to $12.23. Avis Budget Group Inc., down $5.88 to $32.85.
The Cincinnati Enquirer reports Turkey Hill produces a variety of ice creams, milk and fruit drinks at its facility in Conestoga, Pennsylvania. The Kroger Co. owns 38 food manufacturing plants— including 19 dairies— which produce the supermarket company's portfolio of house brands. Information from: The Cincinnati Enquirer, http://www.enquirer.com.
MISSISSAUGA, Ontario _ SunOpta Inc. on Wednesday reported a loss of $3.2 million in its second quarter. On a per-share basis, the Mississauga, Ontario- based company said it had a loss of 6 cents. SunOpta shares have risen almost 8 percent since the beginning of the year.
SAO PAULO, Aug 7- Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather its operations in Paraguay, Uruguay and Colombia under Athena and list them...
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